Monday links: brash market calls

27Oct08

“For the first time in a couple of decades, stocks are now relatively cheap (US, developed markets, emerging).  Now is not the time to abandon a disciplined long-term investment plan.”  (Clusterstock)

The great paradox of the sell-off, then, is that the factors that were supposed to increase the flow of information to investors, foster long-term thinking, and encourage contrarian positions did exactly the opposite.”  (NewYorker.com)

‘If history teaches us anything therefore, the current sell-off in commodities from all-time inflation-adjusted highs just this summer will undoubtedly lead to a bout of sovereign defaults.”  (FT Alphaville)

“Hang in there, no one truly knows when the carnage will end but historic opportunities are setting up right in front of our very eyes.”  (Chris Perruna)

Tough times bring out the most brash market calls.  (Big Picture)

It’s not just hedge fund selling.  (NakedShorts)

Are wide merger arb spreads an opportunity or a sign?  (DealBook)

The lost “quarter century” for the Japanese stock market.  (Bespoke)

Exploring the link between the U.S.-Japan market performance.  (MarketSci Blog)

Five-year TIPS now yield more than nominal Treasuries.  (Marginal Revolution)

The next time some one offers to buy your company, take it.  (WSJ.com)

The the financial system is like a “stagnant, smelly swamp.”  (Global Investing)

Commodity trading advisors (CTAs) fail to demonstrate any alpha after fees. (SSRN.com)

The Gulf states have been unable to lessen their ties to the swings in oil prices.  (Dealbreaker)

False diversification has lead to disappointing results in the current crisis.  (Abnormal Returns)

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